HID Approve™ Strong Authentication Solution in Financial Institutions

Financial Institutions today must maintain vigilance to protect customers and employees from the threat of fake identities. Many areas face the possibility of exposure, but the most upsetting for customers tends to be the compromise of a bank account.

New threats, risks, and vulnerabilities as well as evolving business requirements underscore the need for a strong authentication approach based on simple service delivery, multiple choice, and future-forward scalability. These requirements make strong, multi-factor authentication for financial institutions essential.

HID Approve 2.0, released August 2nd 2017, is next-generation strong authentication solution that combines the security of public key-based cryptography with the convenience of mobile push notifications is delivering a simple and secure way for users to authenticate and verify their transactions.

With a simple swipe gesture on a mobile device, you get proof-of-possession for “something a user has” that achieves strong two-factor authentication, increasing your customer’s confidence in the security of your digital channel.